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Episode 191: Crash
the memory palace
The Story of American Capitalism, as Embodied by William Crush
The American economy was booming thanks largely to the railroads. Building them built jobs, seated new cities and centers of trade along the routes. But like the housing crisis not that long ago, in our own time, there was railroad bubble too much speculationToo much, over leveraged, ill liquid what not, and the bubble popped. And then the railroads problems became everyone's problems.
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